Sunday, Dec 20, 2009

Let it snow Let it snow Let it snow

News of the World: Boom goes the gloom

The weather outside may be frightful, but the economic news is delightful, with figures set to show we're pulling out of the longest SLUMP in history.
Howard Archer, chief UK and European economist at leading forecasters IHS Global Insight, said: "Latest data and survey evidence suggest overall that the economy will finally return to growth in the fourth quarter, although it is still hardly racing ahead." And while the government will cling to the green shoots, it is by no means out of the woods. At £20.3billion, last month's UK budget deficit was the highest ever and heading for £185billion next year.

Posted by devo @ 12:17 AM (2027 views)
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1. devo said...

Howard Archer, chief UK and European economist at leading forecasters IHS Global Insight, said.. blah, green shoots, blah, growth in the next quarter, blah, V-shaped recovery.........


Sunday, December 20, 2009 12:23AM Report Comment

2. markj69 str05 said...

From the publication:-

'But on Tuesday they will say the latest data shows they got it wrong. The statisticians have done some number-crunching to show construction output expanded by two per cent quarter- on-quarter rather than contracting by 1.1 per cent as it originally thought.
'Business investment had shrunk less than thought and the trade deficit was down. All added together it means they are expected to say the decline was just 0.1 PER CENT.
A senior Whitehall source said: "The markets are expecting a revision to 0.1 per cent. That is as near as dammit to flat, especially if you allow a margin for error because of statistical variations." '

Nothing to do with QE then? Maybe the gov't should pump Gazillions of £'s in every year!

Sunday, December 20, 2009 12:37AM Report Comment

3. novice pete said...

Why is where we're at!

Sunday, December 20, 2009 12:39AM Report Comment

4. devo said...

No, this is where we're at...

Rage Against The Machine on BBC Radio 5 Live 17.12.2009 - FULL INTERVIEW AND PERFORMANCE

"Get rid of it!..... er, sorry, we needed to get rid of that because... we asked them not to do it, but they did it anyway..."


Sunday, December 20, 2009 12:51AM Report Comment

5. novice pete said...

Good stuff, lol

Sunday, December 20, 2009 01:04AM Report Comment

6. novice pete said...

Can't shake off my past though!

Sunday, December 20, 2009 01:08AM Report Comment

7. novice pete said...

Don't mention the butter advert lol

Sunday, December 20, 2009 01:10AM Report Comment

8. devo said...

'er majesty got on a train this week

god bless 'er

Sunday, December 20, 2009 01:13AM Report Comment

9. novice pete said...

Wow, that's a pretty big climb down.

Sunday, December 20, 2009 01:24AM Report Comment

10. devo said...

"Wow, that's a pretty big climb down."

yes, and she's only got little legs

Sunday, December 20, 2009 01:27AM Report Comment

11. devo said...

Sunday, December 20, 2009 01:30AM Report Comment

12. novice pete said...

Here's to the V shaped recovereh, and may all your green shoots be er.... green. hmmm On that note i bid thee good niht.

Sunday, December 20, 2009 01:39AM Report Comment

13. devo said...

I bid thee goodnight, good knight... with a rhyming couplet:

Nor wonder how I lost my wits:
Oh! Celia, Celia, Celia shits!

Sunday, December 20, 2009 01:50AM Report Comment

14. hpwatcher said...


Sunday, December 20, 2009 09:12AM Report Comment

15. paul said...

Two and a half years on and the recovery is still six months away.

Sunday, December 20, 2009 09:20AM Report Comment

16. This comment has been removed as it was found to be in breach of our Blog Policies.


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